Friday, April 11, 2008

Quorumbet is a website combining social networking and betting capabilities

What Company Is Offering:Quorumbet is a website combining social networking and betting capabilities where quorumbet.com is not a bookmaker, but rather provides the technological platform for facilitating betting activities among friends, family and anyone who is passionate about a topic.

The amount of what you win depends on the total amount of the pre-paid stakes. You cannot lose more than your pre-paid stakes. This is also known as the `totalizator system`, pari mutuel or pool betting.

How It Works:Log in to your QB account. Click on the `New Bet` button on the main menu. Choose the parameters of each bet to suit your needs.Set the bet to be private or public.Set to participate or to simply facilitate the bet.Include the decision source for the outcome of your bet.Invite current users via the website and whoever you would like via email.Set the minimum stake that will be required to participate in the bet. Define the expiration date when placements for your bet are no longer accepted and the outcome will be determined.Upload a picture to represent your bet.Don't forget to check the box that you agree to settle the bet within 48 hours. Click on the Proceed button, which will load a confirmation page. Verify the information and click on the Submit button to place the bet on the QB system.